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results in your tax rate, when the same tax code results in debbie paying 35.8%? >> reporter: david, we reached out to the romney camp with buffett's question. they said, they didn't care to respond to warren buffett. but that the governor's committed to cutting taxes, particularly for the middle class. i should note that warren buffett doesn't blame romney for anything of the tax rate he paid. he blames congress for that low tax rate. >> a huge debate in the year to come. abc's bianna golodryga, thank you. >>> i want to bring in our white house correspondent, jake tapper, traveling with the president today in phoenix. we heard from warren buffett's secretary there. we heard from the president last night, using the word fairness. why is his re-election team convinced this will resonate with the voters? >> reporter: put yourself in the obama campaign shoes. the president has a 57% disapproval rating when it comes to his handling of the economy. but these two items about taxation, increasing taxes on wealthier americans, the so-called buffett rule, and also changing
results in your tax rate, when the same tax code results in debbie paying 35.8%? >> reporter: david, we reached out to the romney camp with buffett's question. they said, they didn't care to respond to warren buffett. but that the governor's committed to cutting taxes, particularly for the middle class. i should note that warren buffett doesn't blame romney for anything of the tax rate he paid. he blames congress for that low tax rate. >> a huge debate in the year to come. abc's...
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Apr 17, 2012
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. >>> tax refund rip-off. criminals are stealing your tax refund. see it happen to the reporter covering the story. >>> and cockpit chaos, how this view of the planet venus, confused the pilot and sent the jumbo jet into a terrifying nose dive. >>> good evening, we have breaking news about the man who has created so much american wealth, legendary investor, warren buffett. he's announced he's been diagnosed with prostate cancer. he urged the president to raise taxes on the rich, now joins more than 200,000 men who will be diagnosed this year. all-tolled more than two million living with that cancer right now. buffett laid out his diagnosis and the road ahead in a letter to shareholders filled with his signature spirit. >> reporter: the news came moments after the market closed today. warren buffett telling shareholders in an open letter that he has been diagnosed with stage one prostate cancer. buffett is the second richest man in america. and ceo of berkshire hathaway, known as much for fortune and folkscy ways and simple nebraska lifetime. today h
. >>> tax refund rip-off. criminals are stealing your tax refund. see it happen to the reporter covering the story. >>> and cockpit chaos, how this view of the planet venus, confused the pilot and sent the jumbo jet into a terrifying nose dive. >>> good evening, we have breaking news about the man who has created so much american wealth, legendary investor, warren buffett. he's announced he's been diagnosed with prostate cancer. he urged the president to raise taxes...
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Jul 17, 2012
07/12
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six, eight, ten years of tax returns. take the hit for a day or two. >> reporter: matt dowd has advised presidential candidates before. >> there's obviously something there. because if there was nothing there, he would say have at it. >> reporter: and mississippi governor haley barbour, too, on the phone with us. >> the advice i give romney is who cares about your tax returns. we need this campaign to be about obama's record. >> reporter: it is pressure romney has felt before, running for governor of massachusetts, his opponent released her returns. he did not release his. >> you have refused to release your income tax returns. do you have something to hide? >> i believe very deeply in my personal privacy, what little is left. >> we have reformed our tax structure -- >> reporter: but it was mitt romney who help set the standard on releasing tax returns when he ran for president, releasing more than a decade of his. the question diane asked -- >> but you have nothing to hide why not release 12 years as your father did? >>
six, eight, ten years of tax returns. take the hit for a day or two. >> reporter: matt dowd has advised presidential candidates before. >> there's obviously something there. because if there was nothing there, he would say have at it. >> reporter: and mississippi governor haley barbour, too, on the phone with us. >> the advice i give romney is who cares about your tax returns. we need this campaign to be about obama's record. >> reporter: it is pressure romney has...
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Dec 31, 2012
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and when that ball comes down in times square tonight, every american's taxes will go up. what happened? >>> the other breaking story tonight. hillary's health. doctors reveal it is a blood clot near mrs. clinton's brain keeping her in the hospital. dr. besser right here with what this means. and what mrs. clinton just told barbara walters after becoming the most traveled secretary of state. >> are you exhausted? >> i am. to be honest, i am. >>> the big chill. a million americans in times square tonight. this evening, the security, the weather. some of the coldest temperatures of the winter. and what we didn't note about something else that will be falling at midnight. ginger zee in times square. >>> and, so long. >> so long. so long. so long. >> the man who said himself, "the show must go on." the first new year's without dick clark, as we heard tonight from his wife. she answers the one question she says so many have been asking her. >>> good evening on this new year's eve. diane counting down with her family. tonight, the other countdown here. the one in washington. ton
and when that ball comes down in times square tonight, every american's taxes will go up. what happened? >>> the other breaking story tonight. hillary's health. doctors reveal it is a blood clot near mrs. clinton's brain keeping her in the hospital. dr. besser right here with what this means. and what mrs. clinton just told barbara walters after becoming the most traveled secretary of state. >> are you exhausted? >> i am. to be honest, i am. >>> the big chill. a...
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Jan 18, 2012
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. >>> tax tempest? republican front-runner, multimillionaire, mitt romney acknowledges he pays a smaller tax rate than middle-class americans do. >>> big blizzards. the most powerful snowstorm in more than a quarter-century, barreling towards the northwest. >>> facing reality. celebrity chef paula deen, emotional, as she speaks out about her diabetes diagnosis. and the controversy that followed. >>> and golden girl. and after seven decades on the screen, betty white showing us, that life can begin at 90. >>> good evening. as we come on the air, 100 rescue divers are risking their lives to scour the crippled carnival cruise ship, hoping for a survivor to call out in the dark of night. and there has to be one image that's the most haunting for them, this one. the unused lifeboats still attached to the ship. and what about the captain? a firestorm, as tapes emerged showing the captain seeming to be safe in his lifeboat, while ignoring orders from the coast guard to go back to the sinking ship. abc's chris
. >>> tax tempest? republican front-runner, multimillionaire, mitt romney acknowledges he pays a smaller tax rate than middle-class americans do. >>> big blizzards. the most powerful snowstorm in more than a quarter-century, barreling towards the northwest. >>> facing reality. celebrity chef paula deen, emotional, as she speaks out about her diabetes diagnosis. and the controversy that followed. >>> and golden girl. and after seven decades on the screen,...
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Jan 4, 2012
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taxes. >>> home intruder. a frightened young mother takes action and sparks a national debate, with one question. >> i've got two guns in my hand. is it okay to shoot him if he comes in this door? >>> healthy living. near little half of americans suffer from neck pain. but is your doctor giving you the wrong remedy? >>> and noah's arctic? it is so cold in florida, they have heat lamps on the fancy birds. even the orangutans are grabbing sweaters. >>> good evening. it was a day filled with aftershocks from that historically close photo finish in iowa. at the top, former governor mitt romney, who won by just eight votes, even though he spent 50 times more money than the second place finisher, senator rick santorum, who went door to door. more on that, coming up. but there was fallout today for congresswoman michele bachmann, who danced with her husband on the podium last night, but this morning, dropped out of the race. all of it is ahead. and we have so many questions as we begin tonight, sta
taxes. >>> home intruder. a frightened young mother takes action and sparks a national debate, with one question. >> i've got two guns in my hand. is it okay to shoot him if he comes in this door? >>> healthy living. near little half of americans suffer from neck pain. but is your doctor giving you the wrong remedy? >>> and noah's arctic? it is so cold in florida, they have heat lamps on the fancy birds. even the orangutans are grabbing sweaters. >>>...
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Jan 24, 2012
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paying about $6.2 million in taxes over the two years. his tax rate? in 2010, about 13.9%, perfectly legal under the current tax code. which allows americans to pay a much lower rate, a capital gains tax, when their earnings come from investments, and not a job. >> if he were a doctor or lawyer with the same salary, he would be paying 35%. >> reporter: and it turns out that romney's tax rate is a better deal now than it would have been under ronald reagan. the capital gains tax then up to 20% to 28%. not romney's 13.9%. with so much talk in this country now about the 1%, romney's income puts him in a category even smaller. 0.006%. and with romney now neck and neck in the polls with newt gingrich. the question now, how will these numbers play with blue-collar republicans? and something else that might sound foreign to some voters. romney had a swiss bank account, that's now been closed. and he still has investments in the cayman islands, that the campaign insists are taxed at the same rate if held here. the campaign also pointed out the enormous amount
paying about $6.2 million in taxes over the two years. his tax rate? in 2010, about 13.9%, perfectly legal under the current tax code. which allows americans to pay a much lower rate, a capital gains tax, when their earnings come from investments, and not a job. >> if he were a doctor or lawyer with the same salary, he would be paying 35%. >> reporter: and it turns out that romney's tax rate is a better deal now than it would have been under ronald reagan. the capital gains tax then...
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Sep 22, 2012
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he made $13.7 million last year, and paid nearly $2 million in taxes. his effective tax rate? 14.1%. that's a lower rate than an auto mechanic who made $75,000 would pay. although he made almost $14 million, not one penny came from wages or salary. instead, his money came largely from investments, which are taxed at the much lower capital gains tax rate. in an interview with david muir in july, romney made no apologies for keeping his tax rate low. >> i don't pay more than are legally due, and frankly, if i had paid more than are legally due, i don't think i'd be qualified to become president. >> reporter: but this year, it turned out romney did pay more than he was legally due. a lot more. you see, romney gave $4 million to charity, but he didn't claim it all as a deduction. if he had, he would have paid about $500,000 less in taxes. why did romney pay a half a million dollars more than he had to? today, his money manager said he paid the extra taxes just to comply with romney's statement earlier this year that his tax rate was at least 13%. if he had taken all his deductions
he made $13.7 million last year, and paid nearly $2 million in taxes. his effective tax rate? 14.1%. that's a lower rate than an auto mechanic who made $75,000 would pay. although he made almost $14 million, not one penny came from wages or salary. instead, his money came largely from investments, which are taxed at the much lower capital gains tax rate. in an interview with david muir in july, romney made no apologies for keeping his tax rate low. >> i don't pay more than are legally...
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there was one year where you paid a 13.9% tax rate. can we clear this up by asking you a simple yes or no question. was there ever any year where you paid lower than the 13.9%? >> i haven't calculated that. i'd have to go back and look, but my view is i have paid all the taxes required by law. >> reporter: when we followed up the next day, the campaign told us mitt romney has been in full compliance with u.s. law and has paid up all he owed. and today, another reporter also following up. >> reporter: today, the governor is saying this. >> i did go back and look at my taxes and over the past ten years i never paid less than $13. 13%. >> reporter: and then governor romney with that assertion by governor reed saying romney didn't pay any taxes for ten years. >> i paid taxes every single year and harry reid's charges are false. >> reporter: we called senator reid's office. we were told he was on vacation. is there any way we can talk to the senator? >> reporter: when you hear from governor romney that i'm still waiting for harry to put up
there was one year where you paid a 13.9% tax rate. can we clear this up by asking you a simple yes or no question. was there ever any year where you paid lower than the 13.9%? >> i haven't calculated that. i'd have to go back and look, but my view is i have paid all the taxes required by law. >> reporter: when we followed up the next day, the campaign told us mitt romney has been in full compliance with u.s. law and has paid up all he owed. and today, another reporter also...
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Jan 19, 2012
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taxes. >> the treasury loses an estimated $100 billion a year because of tax havens. >>> and brian ross is here, now. brian, as you know, the romney camp sent us another note saying, romney's investments of funds in the cayman islands are taxed as they would be if the investments were in the u.s.? >> reporter: that's right, diane. this same issue was raised when romney ran for president the last time. he said the same thing. but he would not answer questions then as to why he put his money in the caymans in the first place. and without access to romney's tax returns, it's impossible to know all these details. he now says he may release his latest tax return in april. and if he does, it would be a rare window into how the superrich are able to arrange their affairs. >> ryan ross, thank you. >>> still ahead on "world news," the security scare at a major american airport today. a 65-year-old woman boarding a plane with a gun. >>> a reality check in the most widely-prescribed drug to fight the flu. does it really work? >>> and ending illness. you'll see our friend and abc news reporter on t
taxes. >> the treasury loses an estimated $100 billion a year because of tax havens. >>> and brian ross is here, now. brian, as you know, the romney camp sent us another note saying, romney's investments of funds in the cayman islands are taxed as they would be if the investments were in the u.s.? >> reporter: that's right, diane. this same issue was raised when romney ran for president the last time. he said the same thing. but he would not answer questions then as to why...
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. >> just four days until taxes go up for all americans. tonight what you're telling washington. >>> not again, a giant storm on the move. >>> scare at sea, the cruise ship nightmare unfolding, the captain who warned the passengers ahead of time, but it didn't work. >>> and at last. ♪ at last the american greats me lost this year. ♪ moon river the lasting gifts and the laughs they leave behind. >> everything you do, do it cool. stand back. >>> good evening on this friday night. diane is spending this holiday weekend with her family. we begin with the 11th hour high stakes meeting at the white house late today to avoid the fiscal cliff. but no deal, asanger builds across the country, the clock is ticking. just four days left before taxes go up for all americans and federal programs see major cuts. we've shown you the math here. the average american household would see their tax bill go up nearly $3,500. this evening, president obama telling congress, the american people are watching what we're doing here. he appeared in the briefing room
. >> just four days until taxes go up for all americans. tonight what you're telling washington. >>> not again, a giant storm on the move. >>> scare at sea, the cruise ship nightmare unfolding, the captain who warned the passengers ahead of time, but it didn't work. >>> and at last. ♪ at last the american greats me lost this year. ♪ moon river the lasting gifts and the laughs they leave behind. >> everything you do, do it cool. stand back. >>>...
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she would safe with his tax rate? >> $9300 back to kelly. >> reporter: many saw if as a political stunt. >> corporations are people, my friend. mitt romney is fighting back tonight, acknowledging himself that this general election has begun. >> this argument seems to be working for them. the painting of you as a rich, out-of-touch guy. >> the person i'm out-of-touch is barack obama. i'm in touch with the american people. they want to see good jobs and rising incomes. >> reporter: a week ago, president obama surrounded by women leaders at the white house. today with mitt romney h small business owners. while the president was pushing the buffett rule, it was mitt romney pushing this number. >> 92% of the people who have lost jobs have been women. his failures have hurt women. >> reporter: people are saying that number right there is mostly false, arguing the president can't be held responsible for the job picture the day he took office. but team romney fighting back hard. they sent me a copy of this letter, saying, no
she would safe with his tax rate? >> $9300 back to kelly. >> reporter: many saw if as a political stunt. >> corporations are people, my friend. mitt romney is fighting back tonight, acknowledging himself that this general election has begun. >> this argument seems to be working for them. the painting of you as a rich, out-of-touch guy. >> the person i'm out-of-touch is barack obama. i'm in touch with the american people. they want to see good jobs and rising...
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, what the governor said here today, talking about those taxes, the president did not raise income tax rates in his first term. he has proposed raising taxes on families earning $250,000 or more. diane, tonight this campaign looking for a game-change. as you know the all important debate a week from tomorrow. they action knowledged mr. romney was practicing and has research sessions this week. >> a lot of pressure on that debate. thank you, david. what about the man who will face the governor, the president? he was making a case today but before a world audience of allies and adversaries at the united nation. he gave a passionate tribute to the u.s. ambassador killed in libya and called on the world to make a stand against extreme is. here's jake tapper. >> reporter: the president made the focus of his united nations speech about a man who wasn't there. >> i would like to begin today by telling you about an american named chris stevens. >> reporter: with a tribute to a u.s. ambassador to libya, attacked and killed in the dead of night in beghazi two weeks ago today. today -- extolling
, what the governor said here today, talking about those taxes, the president did not raise income tax rates in his first term. he has proposed raising taxes on families earning $250,000 or more. diane, tonight this campaign looking for a game-change. as you know the all important debate a week from tomorrow. they action knowledged mr. romney was practicing and has research sessions this week. >> a lot of pressure on that debate. thank you, david. what about the man who will face the...
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which of those tax loopholes they plan to close to pay for the tax plan. >> is there a reason you guys aren't naming specific tax loopholes? >> yes, because we want to get it done. and we have to be able to work with congress on those details, on how to fill it in. >> reporter: no specifics on those tax loopholes and no specifics tonight from the romney campaign on that video posted by mother jones. to tonight the obama campaign said it's shocking, to go behind closed doors to say half of the american consider themselves victims, and will take handouts. there will be much more to come. as you know, diane, there are more clips to this video coming in. >> and i know you'll be looking over them. thank you, david muir. >>> and now, we want to tell you the latest on the bomb plot in chicago. an 18-year-old man accused of trying to detonate his car bomb outside a bar, not knowing the fbi had given him a fake explosive. abc's alex perez has all of the new details. >> reporter: in court today, the attorney for 18-year-old daoud said his client was young and immature, but no terrorist. >> i kno
which of those tax loopholes they plan to close to pay for the tax plan. >> is there a reason you guys aren't naming specific tax loopholes? >> yes, because we want to get it done. and we have to be able to work with congress on those details, on how to fill it in. >> reporter: no specifics on those tax loopholes and no specifics tonight from the romney campaign on that video posted by mother jones. to tonight the obama campaign said it's shocking, to go behind closed doors to...
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Nov 9, 2012
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tax cuts. tax cuts. try a tax cut. >> reporter: but yesterday, republican house speaker john boehner told diane sawyer that was a nonstarter. >> is it on the table to talk about? >> i made clear -- >> the wealthier americans pitch in. >> i made clear yesterday that raising tax rates is unacceptable. and frankly, it couldn't even pass the house. >> reporter: still, today, the president said the debate had been settled, with his victory tuesday night. >> this was a central question during the election. it was debated over and over again. and on tuesday night, we found out that the majority of americans agree with my approach. >> reporter: and he threw down the gauntlet, saying everyone agrees on keeping the middle class tax cuts for those who make under $200,000 a year. so, he say, congress should act on that now. >> and i've got the pen ready to sign the bill right away. i'm ready to do it. i'm ready to do it. >> reporter: and diane, president obama heads to asia next week. before he leaves, he
tax cuts. tax cuts. try a tax cut. >> reporter: but yesterday, republican house speaker john boehner told diane sawyer that was a nonstarter. >> is it on the table to talk about? >> i made clear -- >> the wealthier americans pitch in. >> i made clear yesterday that raising tax rates is unacceptable. and frankly, it couldn't even pass the house. >> reporter: still, today, the president said the debate had been settled, with his victory tuesday night. >>...
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on releasing tax returns when he ran for president, releasing more than a decade of his. the question diane asked -- >> but you have nothing to hide you why not release 12 years as your father did? >> i'm happy to release two years of records. that's plenty for people to understand how i pay my taxes. >> tonight, mitt romney sticking to that. even amid growing concern from some republicans which fields the question, what is he hiding? the question the obama campaign loves hearing asked, but one romney adviser telling me this is a distraction, diane. that american voters kill more about their own tax returns, their own savings accounts than they do mitt romney naes. >>> now, we have a 2kwe68ing story to tell you about. a different kind of air scare. needles were discovered in meat sandwiches on four delta air lines flight from amsterdam to the united states. one passenger was injured but declined to get medical attention. delta is investigating how this could have happened. the airline said it has increased security, though, over the preparation of food on its flight. >>>
on releasing tax returns when he ran for president, releasing more than a decade of his. the question diane asked -- >> but you have nothing to hide you why not release 12 years as your father did? >> i'm happy to release two years of records. that's plenty for people to understand how i pay my taxes. >> tonight, mitt romney sticking to that. even amid growing concern from some republicans which fields the question, what is he hiding? the question the obama campaign loves...
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Jun 28, 2012
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, tax alcohol more, tax gas guzzlers more ch it d do that. >> thanks so much, terry. as you said, you have been sending us questions all day about the details of this decision, asking how it affects your family. we've been reading those questions. abc's david muir is standing by in an emergency room in california to tell us what happens for you now. david. >> reporter: great to see you. 500 patients come rushing through these doors many of them uninsured. many many unnecessary because they don't have a regular doctor. what changes tonight for everyday americans ooch >> reporter: inside this los angeles er today, two types of emergencies playing out. the patients themselves. and the other one, the lifeline paid for by the taxpayer. a staggering number of patients with no insurance. >> at it's peak 30 to 40 percent uninsured. who pays for this? the taxpayer. >> reporter: which is why the doctors saving lives here, also had an eye trained here, on the supreme court. tonight, because of the court's decision, doctors here believe there will be fewer coming in uninsured. fr
, tax alcohol more, tax gas guzzlers more ch it d do that. >> thanks so much, terry. as you said, you have been sending us questions all day about the details of this decision, asking how it affects your family. we've been reading those questions. abc's david muir is standing by in an emergency room in california to tell us what happens for you now. david. >> reporter: great to see you. 500 patients come rushing through these doors many of them uninsured. many many unnecessary...
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congress today passed a bill to to extend the payroll tax cut. >> the yeas, are 293. the nays, are 132. >> reporter: after the president signs the bill, 160 million americans will receive an average of $1,000 of tax cuts over the rest of the year. and unemployment insurance will be extended. >> i am going to sign this bill right away when i get back home. >> reporter: visiting a boeing plant in washington state this afternoon, the president took something of a victory lap. >> this middle class tax cut is something i proposed in my jobs bill back in september. and because you kept the pressure on congress, because you reminded people what it means to have 40 bucks taken out of your paycheck every week, it got done. this is a big deal. >> reporter: not quite a big deal? the president's poll numbers. but they have improved a bit from two months ago when republican pundits were predicting his political demise. >> he would lose the election by a significant margin if the battleground states were to vote today. >> reporter: with signs of life in the economy, 50% of the amer
congress today passed a bill to to extend the payroll tax cut. >> the yeas, are 293. the nays, are 132. >> reporter: after the president signs the bill, 160 million americans will receive an average of $1,000 of tax cuts over the rest of the year. and unemployment insurance will be extended. >> i am going to sign this bill right away when i get back home. >> reporter: visiting a boeing plant in washington state this afternoon, the president took something of a victory...
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>> reporter: he said raising tax rates is unacceptable. there is an entirely different view of that on the other side of the aisle and at the white house. if the president campaigned on one thing, it was raising tax rates on the wealthy. they say any deal that doesn't do that is unacceptablunaccepta? >> no, what happens next now? i seem to hear the speaker saying, we can talk -- >> he wa >> reporter: he wanted to reassure everybody that a deal will be done. we're not going to get to the brink. we're not going to get to the point where the credit rating is again at risk. he said he's willing to talk about anything and he called himself the most reasonable man in washington. so, i think that he is determined to get something done. >> okay, jon karl, thank you. >>> and now, we're going to turn to the other big story of this day. it is the second storm moving in on an already battered east coast. and let us show you the pictures tonight. there they are as the new storm was moving in. crews struggling to help families restore power now, for the
>> reporter: he said raising tax rates is unacceptable. there is an entirely different view of that on the other side of the aisle and at the white house. if the president campaigned on one thing, it was raising tax rates on the wealthy. they say any deal that doesn't do that is unacceptablunaccepta? >> no, what happens next now? i seem to hear the speaker saying, we can talk -- >> he wa >> reporter: he wanted to reassure everybody that a deal will be done. we're not...
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Nov 29, 2012
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will lawmakers send americans off the fiscal cliff with a huge tax increase? the president asks middle class people to help make his case for action. >>> triple threat. three big storms, one after the other, about to pound the west coast. >>> and, made in america. do you want to make a difference, creating american jobs? david muir tonight shows us how to do it together for a happy holiday. >> we're in! >> we're in! >>> good evening. right now, millions and millions of americans are lining up to take a chance on a giant dream. a powerball ticket that could be worth more than half a billion dollars. the biggest in its history. the drawing is tonight. and some people have been willing to wait 2 1/2 hours in the long lines in arizona, while coast to coast, tickets are flying across the counters, 130,000 sold every minute. and that adds up to 7 million tickets sold every hour. so, we asked abc's steve osunsami to make his way into the vault where the lottery balls are kept under lock and key and tell us about all the americans hoping tonight is their night. >> rep
will lawmakers send americans off the fiscal cliff with a huge tax increase? the president asks middle class people to help make his case for action. >>> triple threat. three big storms, one after the other, about to pound the west coast. >>> and, made in america. do you want to make a difference, creating american jobs? david muir tonight shows us how to do it together for a happy holiday. >> we're in! >> we're in! >>> good evening. right now, millions...
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Apr 13, 2012
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the obama campaign wants to make tax returns an issue. the president released his 2011 tax returns. he and first lady obama made $790,000 last year -- about half from his salary and half from his book sales. they paid a 20.5% federal income tax rate. but the president did not just release his 2011 return. he re-released all of his returns since the year 2000. and since mitt romney has only released his 2010 return, the obama campaign today asked, what is mitt romney hiding from the american people? >> it think that there's a tradition. it's transparency and trust. if he's got nothing to hide, then there's nothing to lose. >> reporter: romney's father, former michigan governor and 1968 presidential candidate george romney, set the for releasing tax returns. in 1967, he gave "look" magazine 12 years' worth of returns. just releasing one year's wouldn't work, he said. that one year could be a fluke. mitt romney has been asked about following dad's example. >> i agree with my dad on a lot of things but we also disagree. and going out with 12 years of returns is not something i'm going t
the obama campaign wants to make tax returns an issue. the president released his 2011 tax returns. he and first lady obama made $790,000 last year -- about half from his salary and half from his book sales. they paid a 20.5% federal income tax rate. but the president did not just release his 2011 return. he re-released all of his returns since the year 2000. and since mitt romney has only released his 2010 return, the obama campaign today asked, what is mitt romney hiding from the american...
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Dec 27, 2012
12/12
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WMAR
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could see his taxes go up by more than $2.4 million next year alone. and it's not just taxes. on january 1st, unemployment benefits expire for some 2 million people. >> we're joins here in new york by jon karl. chief white house correspondent, like the ring to it with your name. a lot of people are watching, saying, stop messing around in washington. that's a lot of tax money at stake here. >> reporter: and this would be the first big tax hike we've seen in more than 20 years, david. there's a lot of talk about a potential meeting at the white house. the president came all the way back from hawaii, cut short the vacation, left the family back. no meeting scheduled yet but i would expect you will see congressional leaders sometime over the next 24, 36 hours, come to the white house one last ditch effort to at least stop these tax hikes from going into effect and extend the unemployment benefits. butguarantee. >> and some speculation that meeting could be tomorrow. >> reporter: yes. >> we'll see. jon, thank you. the clock is ticking. >>> two more important political notes we're
could see his taxes go up by more than $2.4 million next year alone. and it's not just taxes. on january 1st, unemployment benefits expire for some 2 million people. >> we're joins here in new york by jon karl. chief white house correspondent, like the ring to it with your name. a lot of people are watching, saying, stop messing around in washington. that's a lot of tax money at stake here. >> reporter: and this would be the first big tax hike we've seen in more than 20 years,...
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. >> i have paid taxes every year, and a lot of taxes. a lot of taxes. >> reporter: he was responding to an outrageous and apparently unfounded allegation from harry reid, the top democrat in the senate. >> the word is out, he hasn't paid any taxes for ten years. >> reporter: reid offered not one shred of evidence, drawing ridicule from late night comedian jon stewart. the allegation has gotten under romney's skin. >> harry reid really has to put up or shut up. all right? so, harry, who are your sources? >> reporter: but reid is really just trying to goad romney into releasing more tax returns. he's only released last year's return and an estimate of this year's, showing he paid a tax rate of about 13.9%. last week david muir asked about that. >> was there ever any year when you paid lower than the 13.9%? >> i haven't calculated that. i'm happy to go back and look. >> romney made it clear once again today, he will release this year's tax return when it is complete and no more. he wants to talk about jobs, not his taxes. >> john carl tonig
. >> i have paid taxes every year, and a lot of taxes. a lot of taxes. >> reporter: he was responding to an outrageous and apparently unfounded allegation from harry reid, the top democrat in the senate. >> the word is out, he hasn't paid any taxes for ten years. >> reporter: reid offered not one shred of evidence, drawing ridicule from late night comedian jon stewart. the allegation has gotten under romney's skin. >> harry reid really has to put up or shut up. all...
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Aug 20, 2012
08/12
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WJLA
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but chances are you pay a higher tax rate than him... mitt romney made twenty million dollars in two thousand ten bubut paid only fourteen perct in taxes... probably less than you now he has a plan that would give millionaires another tax break... and raises taxes on middle class families by up to two thousand dollars a year. mitt romney's middle class tax increase. he pays less. you pay more.
but chances are you pay a higher tax rate than him... mitt romney made twenty million dollars in two thousand ten bubut paid only fourteen perct in taxes... probably less than you now he has a plan that would give millionaires another tax break... and raises taxes on middle class families by up to two thousand dollars a year. mitt romney's middle class tax increase. he pays less. you pay more.
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Feb 24, 2012
02/12
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and make sure that the tax system is run fair. year in and year out. we do what's right. >> reporter: and don't worry. if you claim your share of the billion and file now, three years late, it's only a crime if you owe the irs money. jim avila, abc news, new york. >> and for step-by-step directions on how you can collect any irs funds owed to you, head to our website abcnews.com/worldnews. >>> coming up, we take you inside the white-knuckle near-miss. why the driver was reluctant to leave. and the good samaritans who leave. and the good samaritans who saved her. go woman. i've been active all my life. that's why i'm excited about reclast. it's the once-a-year iv osteoporosis treatment. reclast helps to restrengthen my bones to help make them resistant to fracture. and with reclast, well, no other osteoporosis treatment is approved to help protect in more places: hips, spine, even other bones. [ male announcer ] you should not take reclast if you're on zometa, have low blood calcium, or kidney problems. or you're pregnant, plan to become pregnant or are
and make sure that the tax system is run fair. year in and year out. we do what's right. >> reporter: and don't worry. if you claim your share of the billion and file now, three years late, it's only a crime if you owe the irs money. jim avila, abc news, new york. >> and for step-by-step directions on how you can collect any irs funds owed to you, head to our website abcnews.com/worldnews. >>> coming up, we take you inside the white-knuckle near-miss. why the driver was...
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Nov 27, 2012
11/12
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KGO
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a tax hike for everyone on new year's day unless lawmakers end their long gridlock, and today we did see a sign the paralysis may be ending. a republican mutiny against a man who had convinced them to take a pledge. abc's jonathan karl on the big picture from washington tonight. >> reporter: it's been an article of republican faith for decades, no tax increases of any kind, period. behind it all, this man, grover norquist, considered one of the most powerful men in washington. since he worked for ronald reagan in the 1980s, he's gotten virtually every elected republican to sign a pledge promising no tax increases. >> a taxpayer-friendly congress. >> reporter: they sign it to help get elected and don't violate it for fear of getting hammered for breaking their word. now how many of these things have been signed? >> pledges? >> reporter: yes. >> thousands over the years. >> reporter: he keeps them all on file. here's john boehner's pledge signed 20 years ago. if somebody signed this 10 years ago or 18 years ago, 20 years ago, are they still bound by it? >> now when you got married, did
a tax hike for everyone on new year's day unless lawmakers end their long gridlock, and today we did see a sign the paralysis may be ending. a republican mutiny against a man who had convinced them to take a pledge. abc's jonathan karl on the big picture from washington tonight. >> reporter: it's been an article of republican faith for decades, no tax increases of any kind, period. behind it all, this man, grover norquist, considered one of the most powerful men in washington. since he...
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Dec 12, 2012
12/12
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pretty confident that republicans would not hold middle class taxes hostage to try to protect tax cuts for high income individuals. >> reporter: prediction. are you going to be able to raise taxes? yes or no? >> oh, taxes are going to go up one way or the other. >> reporter: oh, they are? >> and i think the key is to make sure the taxes go up on high end individuals like you and me, barbara. we can afford it. it is entirely possible for us to come up with a deal. but time is running short. >> reporter: the president sounded optimistic about avoiding the fiscal cliff. he said, of his meeting with speaker boehner, "i think the tone was good. i believe both speaker boehner and myself and the other leaders want to see a deal happen." but diane, he did warn that the clock is ticking. >> it is for sure. and i know you're going to have more of this interview, we'll all be watching, tomorrow morning on "gma," tonight on "nightline" and the full interview with the president and with mrs. obama will be airing on a special edition of "20/20" on friday night. >>> and, by the way, on that question
pretty confident that republicans would not hold middle class taxes hostage to try to protect tax cuts for high income individuals. >> reporter: prediction. are you going to be able to raise taxes? yes or no? >> oh, taxes are going to go up one way or the other. >> reporter: oh, they are? >> and i think the key is to make sure the taxes go up on high end individuals like you and me, barbara. we can afford it. it is entirely possible for us to come up with a deal. but...